Says valuations are high even though she sees no bubble. Of course, when did the fed ever see a bubble before it burst?
I'm with Eddie Murphy on this one. If the ghost says "get out", I'd get the F out.
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In other words, "irrational exuberance". These words were uttered days before the 1997 crash by Janet's predecessor sphinx in chief.
ReplyDeleteIt's hilarious to hear such concern from Yellen given that's precisely the result of the fed's loose monetary policy.
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